BY DAVID MORRISON Even before it has been finalized, merchants have filed an appeal to the proposed settlement to their longstanding fight with card brands and major credit card issuers over credit card interchange. Credit [...]
by Ron Daly Papa John's is staring down the barrel of a lawsuit that might cost them $250 million...all over a few dozen text messages. Talk about your overage charges. According to CNN Money, [...]
By Ed Roberts A blind woman in texas has sued 19 banks and credit unions for their alleged failure to comply with updates to the Americans with Disabilities Act. The plaintiff, Victoria Gilkerson, says she [...]
BY DAVID MORRISON The negotiated settlement meant to end the longstanding dispute over credit card interchange moved closer to becoming final last week as attorneys for both sides in the dispute proposed a final settlement [...]
The judge overseeing the $7.25 billion settlement in retailers' class antitrust lawsuit against Visa and MasterCard over credit card interchange fees said Wednesday that opponents to the proposed settlement can plead their case in [...]
By Associated Press (NEW YORK) — The top federal prosecutor in Manhattan sued Bank of America for more than $1 billion on Wednesday for mortgage fraud against Fannie Mae and Freddie Mac during the years around [...]
By Robert McGarvey The NCUA on Friday issued a prohibition order against former WesCorp CEO Robert Siravo as part of an agreement between Siravo and the agency to settle the regulator’s claims against him [...]
By David Morrison The former CEO at the 77,000-member, $1.5 billion Polish & Slavic Federal Credit Union has sued the Board of Directors of the credit union, both as a group and individually, [...]
By Karen Gullo A Credit Suisse Group AG (CSGN) unit was accused in a lawsuit by a U.S. credit union regulator of selling faulty mortgage-backed securities to three credit unions, causing them to collapse. [...]
The National Credit Union Administration (NCUA) has until Oct. 17 to respond to petitions filed in an appellate court in Denver to appeal a lower-court decision that found in NCUA's favor in its lawsuit against [...]
By Ben Hallman The New York Attorney General sued JPMorgan Chase on Monday, alleging that Bear Stearns, the troubled investment bank it bought in 2008, "kept investors in the dark" about the quality of the [...]
The First Monday in October makes legal enthusiasts like myself as excited as Charlie Sheen in a liquor store. Today marks the start of another Supreme Court term and although the public is understandably more [...]
